0001564590-20-033112.txt : 20200723 0001564590-20-033112.hdr.sgml : 20200723 20200722181406 ACCESSION NUMBER: 0001564590-20-033112 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20200722 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20200723 DATE AS OF CHANGE: 20200722 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STEWART INFORMATION SERVICES CORP CENTRAL INDEX KEY: 0000094344 STANDARD INDUSTRIAL CLASSIFICATION: TITLE INSURANCE [6361] IRS NUMBER: 741677330 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-02658 FILM NUMBER: 201042277 BUSINESS ADDRESS: STREET 1: 1360 POST OAK BLVD STREET 2: SUITE 100 CITY: HOUSTON STATE: TX ZIP: 77056 BUSINESS PHONE: 7136258100 MAIL ADDRESS: STREET 1: 1360 POST OAK BLVD STREET 2: SUITE 100 CITY: HOUSTON STATE: TX ZIP: 77056 8-K 1 stc-8k_20200722.htm 8-K stc-8k_20200722.htm
false 0000094344 0000094344 2020-07-22 2020-07-22

 

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

 

FORM 8-K

 

 

 

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

 

 

 

DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): July 22, 2020

 

STEWART INFORMATION SERVICES CORPORATION

(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

 

Delaware

 

001-02658

 

74-1677330

(STATE OR OTHER

JURISDICTION)

 

(COMMISSION FILE NO.)

 

(I.R.S. EMPLOYER

IDENTIFICATION NO.)

 

1360 Post Oak Blvd, Suite 100, Houston, Texas 77056 

(Address Of Principal Executive Offices) (Zip Code)

 

Registrant's Telephone Number, Including Area Code: (713) 625-8100

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $1 par value

STC

New York Stock Exchange (NYSE)

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 


 

 

ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

 

A press release issued by Stewart Information Services Corporation on July 22, 2020, regarding financial results for the six months ended June 30, 2020, is attached hereto as Exhibit 99.1, and is incorporated herein by reference. This information is not deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 and is not incorporated by reference in any filing under the Securities Act of 1933, as amended.

 

 

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

 

(d) EXHIBITS

 

Exhibit No.

Description

 

 

99.1

Press release of Stewart Information Services Corporation dated July 22, 2020, reporting financial results for the six months ended June 30, 2020.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

 


 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

STEWART INFORMATION SERVICES CORPORATION

(Registrant)

 

 

 

 

 

 

 

By:

/S/ David C. Hisey

 

 

(David C. Hisey, Chief Financial Officer, Secretary and Treasurer)

 

 

 

Date: July 22, 2020

 

 

 

 

 EX-99.1 2 d71692dex991.htm EX-99.1
Exhibit 99.1

Stewart Reports Second Quarter 2020 Results



- Operating revenues of $506.8 million, an increase of $40.3 million, or 9 percent, compared to the prior year quarter

- Net income of $34.1 million ($32.5 million on an adjusted basis) versus net income of $19.3 million ($21.7 million on an adjusted basis) in the prior year quarter

- Diluted EPS of $1.44 ($1.37 on an adjusted basis) compared to prior year quarter diluted EPS of $0.81 ($0.91 on an adjusted basis)

HOUSTON, July 22, 2020 /PRNewswire/ -- Stewart Information Services Corporation (NYSE: STC) today reported second quarter 2020 net income attributable to Stewart of $34.1 million ($1.44 per diluted share), compared to net income attributable to Stewart of $19.3 million ($0.81 per diluted share) for the second quarter 2019. Second quarter 2020 pretax income before noncontrolling interests was $49.0 million compared to pretax income before noncontrolling interests of $29.4 million for the second quarter 2019.

Second quarter 2020 results included:

  • $4.6 million of net realized and unrealized gains recorded in the title segment primarily relating to changes in the fair value of equity securities investments,
  • $2.8 million of severance expenses related to cost savings initiatives recorded within employee costs in the title segment, and
  • $0.5 million of net realized and unrealized gains recorded in the ancillary services and corporate segment primarily relating to settlements of cost-basis investments.

Second quarter 2019 results included:

  • $3.7 million of third-party advisory expenses related to the terminated Fidelity National Financial (FNF) merger transaction included in other operating expenses within the ancillary services and corporate segment, and
  • $0.4 million of net realized and unrealized gains: ($0.2) million in the title segment and $0.6 million in the ancillary services and corporate segment.

COVID-19 Update
Stewart continues to take appropriate measures to protect the safety of its customers and employees while monitoring the evolving effects of the COVID-19 pandemic on the national and international fronts. Although uncertainty remains with respect to the ongoing impact of the virus, its duration, and further governmental responses, Stewart, as a company providing an essential service, is committed to helping people safely navigate the real estate closing process. We believe our strong liquidity position will allow us to facilitate our customers' purchase and refinance of real estate should macro-economic conditions become more challenging.

"Our strong quarterly performance was made possible by the loyalty of our customers and the tremendous work of our employees in the face of the pandemic," commented Fred Eppinger, chief executive officer. "Stewart employees tirelessly and creatively provided quality service to our customers despite a challenging environment in so many of our communities. I express gratitude to them for their efforts and perseverance. From a business standpoint, the second quarter was one of the strongest in recent history as refinance transactions remained strong and purchase transactions began to recover in the back half of the quarter. In addition, our agency and international operations posted solid results while our ancillary services businesses benefited from the acquisition of U.S. Appraisals at the end of May."

Selected Financial Information
Summary results of operations are as follows (dollars in millions, except per share amounts):


Quarter Ended June 30,


Six Months Ended June 30,


2020

2019

2020

2019




Total revenues

516.1

472.1

956.0

870.6

Pretax income before noncontrolling interests

49.0

29.4

58.3

22.1

Income tax expense

(11.3)

(7.0)

(13.2)

(4.6)

Net income attributable to noncontrolling interests

(3.5)

(3.0)

(5.7)

(5.0)

Net income attributable to Stewart

34.1

19.3

39.3

12.5

Non-GAAP adjustments, after taxes*

(1.7)

2.4

6.6

2.5

Adjusted net income attributable to Stewart*

32.5

21.7

45.9

15.0

Net income per diluted Stewart share

1.44

0.81

1.66

0.53

Adjusted net income per diluted Stewart share*

1.37

0.91

1.93

0.63


* See Appendix A

Title Segment
Summary results of the title segment are as follows (dollars in millions, except pretax margin):


Quarter Ended June 30,


2020

2019

% Change


Operating revenues

495.6

458.7

8%

Investment income

4.3

5.2

(17)%

Net realized and unrealized gains (losses)

4.6

(0.2)

2,178%

Pretax income

54.8

39.0

40%

Pretax margin

10.9%

8.4%

Title operating revenues in the second quarter 2020 increased $36.9 million, or 8 percent, compared to the prior year quarter. Second quarter 2020 gross independent agency revenues increased $46.6 million, or 20 percent, partially offset by lower direct title revenues of $9.7 million, or 4 percent. Investment income declined in the second quarter 2020 compared to the prior year quarter, primarily due to lower interest rates on short term investments and lower dividend income, primarily relating to the timing of an annual dividend on a cost-basis investment. The segment's net realized and unrealized gains and losses during the second quarters 2020 and 2019 were primarily due to $4.4 million of net unrealized gains and $0.3 million of net unrealized losses, respectively, relating to changes to the fair value of equity securities investments.

With the net increase in title revenues, the segment's overall operating expenses in the second quarter 2020 increased $25.0 million, or 6 percent, primarily driven by a 20 percent increase in agency retention expenses, which was partially offset by a 7 percent reduction in combined title employee costs and other operating expenses. Our average independent agency remittance rate slightly improved to 17.5 percent in the second quarter 2020, compared to 17.2 percent in the second quarter 2019; while combined title employee costs and other operating expenses, as a percentage of title revenues, improved to 39.5 percent in the second quarter, compared to 45.7 percent in the prior year quarter. Title loss expense increased 15 percent in the second quarter 2020, primarily as a result of increased title revenues. As a percentage of title revenues, the title loss expense in the second quarter 2020 was 4.3 percent, compared to 4.1 percent from the prior year quarter.

Direct title revenues information is presented below (dollars in millions):


Quarter Ended June 30,


2020

2019

% Change




Non-commercial:



Domestic

162.7

148.9

9%


International

20.9

22.4

(7)%


Commercial:



Domestic

30.7

50.3

(39)%


International

3.9

6.3

(38)%


Total direct title revenues

218.2

227.9

(4)%



Direct title revenues decreased primarily as a result of lower commercial transactions, partially offset by elevated refinancing orders which mainly contributed to the increased non-commercial domestic revenues in the second quarter 2020 compared to the prior year quarter. Domestic commercial fee per file in the second quarter 2020 was approximately $9,800, which was 15 percent lower than the second quarter 2019; while domestic residential fee per file was approximately $1,800, a 20 percent decrease from last year's quarter, primarily resulting from a higher mix of refinancing to purchase transactions. Total international title revenues decreased $3.9 million, or 14 percent, primarily due to lower volumes in our Canada and United Kingdom operations.

Ancillary Services and Corporate Segment
Summary results of the ancillary services and corporate segment are as follows (dollars in millions):


Quarter Ended June 30,


2020

2019

% Change


Operating revenues

11.2

7.8

43%

Net realized gains

0.5

0.6

(20)%

Pretax loss

(5.8)

(9.7)

40%

Segment operating revenues improved in the second quarter 2020 versus the prior year's quarter, primarily driven by revenues generated by U.S. Appraisals which was acquired during the second quarter 2020. Revenues from search and valuation services declined $3.6 million, or 48 percent, primarily due to significantly lower orders from several customers. The segment's results for the second quarter 2020 and 2019 included approximately $5.5 million and $9.4 million, respectively, of net expenses attributable to parent company and corporate operations, with the higher expenses in the second quarter 2019 being primarily driven by the FNF merger expenses mentioned above.

Expenses
Consolidated employee costs decreased 2 percent to $137.5 million in the second quarter 2020 from $139.9 million in the second quarter 2019, due to the lower overall average employee counts which primarily lowered salaries and other benefits expenses, partially offset by the severance expenses noted above. As a percentage of total operating revenues, employee costs for the second quarter 2020 improved 290 basis points to 27.1 percent from 30.0 percent in the second quarter 2019.

Other operating expenses decreased 13 percent to $74.6 million in the second quarter 2020 from $86.1 million in the second quarter 2019. This decline primarily resulted from lower outside consulting expenses, lower marketing and travel expenses, and reduced rent and other occupancy expenses. As a percentage of total operating revenues, other operating expenses for the second quarter 2020 improved 370 basis points to 14.7 percent compared to 18.4 percent in the second quarter 2019. Excluding the FNF merger expenses mentioned above, the other operating expenses ratio for the second quarter 2019 would have been 17.7 percent.

Other
Net cash provided by operations improved in the second quarter 2020 to $61.5 million, compared to net cash provided by operations of $31.5 million in the prior year quarter, primarily due to the higher net income generated and lower claim payments in the second quarter 2020.

Other comprehensive income in the second quarter 2020 increased to $20.9 million, compared to other comprehensive income of $7.9 million in the second quarter 2019, primarily due to the fair value recovery of investment securities and improved foreign currency exchange rates during the second quarter 2020.

Second Quarter Earnings Call
Stewart will hold a conference call to discuss the second quarter 2020 earnings at 10:00 a.m. Eastern Time on Thursday, July 23, 2020. To participate, dial (877) 876-9173 (USA) and (785) 424-1667 (International) - access code STCQ220. Additionally, participants can listen to the conference call through Stewart's Investor Relations website at http://www.stewart.com/investor-relations/earnings-call.html. The conference call replay will be available from 12:00 p.m. Eastern Time on July 23, 2020 until midnight on July 30, 2020, by dialing (800) 839-2435 (USA) or (402) 220-7212 (International) - the access code is also STCQ220.

About Stewart
Stewart Information Services Corporation (NYSE:STC) is a global real estate services company, offering products and services through our direct operations, network of Stewart Trusted Providers™ and family of companies. From residential and commercial title insurance and closing and settlement services to specialized offerings for the mortgage industry, we offer the comprehensive service, deep expertise and solutions our customers need for any real estate transaction. At Stewart, we believe in building strong relationships – and these partnerships are the cornerstone of every closing, every transaction and every deal. Stewart. Real partners. Real possibilities.™ More information is available at the Company's website at stewart.com, or you can subscribe to the Stewart blog at blog.stewart.com, or follow Stewart on Twitter® @stewarttitleco.

Forward-looking statements. Certain statements in this news release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to future, not past, events and often address our expected future business and financial performance. These statements often contain words such as "expect," "anticipate," "intend," "plan," "believe," "seek," "will," "foresee" or other similar words. Forward-looking statements by their nature are subject to various risks and uncertainties that could cause our actual results to be materially different than those expressed in the forward-looking statements. These risks and uncertainties include, among other things, the volatility of economic conditions, including the timing and effects of the COVID-19 pandemic; adverse changes in the level of real estate activity; changes in mortgage interest rates, existing and new home sales, and availability of mortgage financing; our ability to respond to and implement technology changes, including the completion of the implementation of our enterprise systems; the impact of unanticipated title losses or the need to strengthen our policy loss reserves; any effect of title losses on our cash flows and financial condition; the ability to attract and retain highly productive sales associates; the impact of vetting our agency operations for quality and profitability; independent agency remittance rates; changes to the participants in the secondary mortgage market and the rate of refinancing that affects the demand for title insurance products; regulatory non-compliance, fraud or defalcations by our title insurance agencies or employees; our ability to timely and cost-effectively respond to significant industry changes and introduce new products and services; the outcome of pending litigation; the impact of changes in governmental and insurance regulations, including any future reductions in the pricing of title insurance products and services; our dependence on our operating subsidiaries as a source of cash flow; our ability to access the equity and debt financing markets when and if needed; our ability to grow our international operations; seasonality and weather; and our ability to respond to the actions of our competitors. These risks and uncertainties, as well as others, are discussed in more detail in our documents filed with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2019, as supplemented by any risk factors contained in our Quarterly Reports on Form 10-Q, and our Current Reports on Form 8-K. All forward-looking statements included in this news release are expressly qualified in their entirety by such cautionary statements. We expressly disclaim any obligation to update, amend or clarify any forward-looking statements contained in this news release to reflect events or circumstances that may arise after the date hereof, except as may be required by applicable law.

STEWART INFORMATION SERVICES CORPORATION

CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED)

(In thousands of dollars, except per share amounts and except where noted)



Quarter Ended June 30,

Six Months Ended June 30,


2020

2019

2020

2019

Revenues:




Title revenues:




Direct operations

218,214

227,883

416,496

389,130

Agency operations

277,387

230,817

519,417

445,680

Ancillary services

11,155

7,798

16,616

22,080

Total operating revenues

506,756

466,498

952,529

856,890

Investment income

4,285

5,155

9,503

9,879

Net realized and unrealized gains (losses)

5,064

422

(6,027)

3,826


516,105

472,075

956,005

870,595

Expenses:




Amounts retained by agencies

228,720

191,091

428,086

367,586

Employee costs

137,528

139,896

273,180

269,151

Other operating expenses

74,613

86,051

146,473

163,207

Title losses and related claims

21,541

18,786

40,172

34,473

Depreciation and amortization

4,061

5,775

8,292

11,764

Interest

622

1,124

1,513

2,288


467,085

442,723

897,716

848,469

Income before taxes and noncontrolling interests

49,020

29,352

58,289

22,126

Income tax expense

(11,340)

(7,027)

(13,235)

(4,585)

Net income

37,680

22,325

45,054

17,541

Less net income attributable to noncontrolling interests

3,534

3,019

5,731

5,001

Net income attributable to Stewart

34,146

19,306

39,323

12,540




Net earnings per diluted share attributable to Stewart

1.44

0.81

1.66

0.53

Diluted average shares outstanding (000)

23,756

23,758

23,757

23,750




Selected financial information:




Net cash provided (used) by operations

61,470

31,454

50,110

(8,429)

Other comprehensive income

20,888

7,896

6,786

21,657

Monthly Domestic Order Counts:





Opened Orders 2020:

April

May

June

Total

Closed Orders 2020:

April

May

June

Total

Commercial

1,099

1,045

1,281

3,425

Commercial

1,188

855

1,079

3,122

Purchase

15,059

18,422

23,439

56,920

Purchase

11,154

11,364

14,889

37,407

Refinancing

24,768

22,353

25,185

72,306

Refinancing

15,955

16,745

18,433

51,133

Other

144

158

194

496

Other

106

104

107

317

Total

41,070

41,978

50,099

133,147

Total

28,403

29,068

34,508

91,979









Opened Orders 2019:

April

May

June

Total

Closed Orders 2019:

April

May

June

Total

Commercial

1,425

1,677

1,558

4,660

Commercial

1,250

1,625

1,474

4,349

Purchase

22,982

22,455

19,735

65,172

Purchase

14,221

16,404

14,971

45,596

Refinancing

10,425

10,406

12,511

33,342

Refinancing

5,785

6,606

6,363

18,754

Other

425

419

264

1,108

Other

361

363

231

955

Total

35,257

34,957

34,068

104,282

Total

21,617

24,998

23,039

69,654

STEWART INFORMATION SERVICES CORPORATION

CONDENSED BALANCE SHEETS

(In thousands of dollars)



June 30, 2020
(Unaudited)

December 31,
2019

Assets:

Cash and cash equivalents

310,806

330,609

Short-term investments

20,560

23,527

Investments in debt and equity securities, at fair value

645,347

645,039

Receivables – premiums from agencies

29,342

26,405

Receivables – other

41,957

50,067

Allowance for uncollectible amounts

(4,442)

(4,469)

Property and equipment, net

49,846

50,461

Operating lease assets, net

100,353

99,028

Title plants

72,650

72,627

Goodwill

279,857

248,890

Intangible assets, net of amortization

3,843

4,623

Deferred tax assets

4,407

4,407

Other assets

45,708

41,571


1,600,234

1,592,785

Liabilities:

Notes payable

101,702

110,632

Accounts payable and accrued liabilities

108,394

126,779

Operating lease liabilities

113,292

113,843

Estimated title losses

456,025

459,053

Deferred tax liabilities

33,489

28,719


812,902

839,026

Stockholders' equity:

Common Stock and additional paid-in capital

190,260

188,279

Retained earnings

589,424

564,392

Accumulated other comprehensive income (loss)

4,087

(2,699)

Treasury stock

(2,666)

(2,666)

Stockholders' equity attributable to Stewart

781,105

747,306

Noncontrolling interests

6,227

6,453

Total stockholders' equity

787,332

753,759


1,600,234

1,592,785

Number of shares outstanding (000)

23,699

23,709

Book value per share

32.96

31.52

STEWART INFORMATION SERVICES CORPORATION

SEGMENT INFORMATION

(In thousands of dollars)


Three months ended:

June 30, 2020

June 30, 2019


Title

Ancillary
Services
and
Corporate

Consolidated

Title

Ancillary
Services
and
Corporate

Consolidated

Revenues:






Operating revenues

495,601

11,155

506,756

458,700

7,798

466,498

Investment income

4,285

-

4,285

5,155

-

5,155

Net realized and unrealized gains (losses)

4,550

514

5,064

(219)

641

422


504,436

11,669

516,105

463,636

8,439

472,075

Expenses:






Amounts retained by agencies

228,720

-

228,720

191,091

-

191,091

Employee costs

131,947

5,581

137,528

134,677

5,219

139,896

Other operating expenses

63,700

10,913

74,613

74,995

11,058

86,053

Title losses and related claims

21,541

-

21,541

18,786

-

18,786

Depreciation and amortization

3,733

328

4,061

5,048

727

5,775

Interest

-

622

622

1,124

1,124


449,641

17,444

467,085

424,597

18,128

442,725

Income (loss) before taxes

54,795

(5,775)

49,020

39,039

(9,689)

29,350













Six months ended:

June 30, 2020

June 30, 2019


Title

Ancillary
Services
and
Corporate

Consolidated

Title

Ancillary
Services
and
Corporate

Consolidated

Revenues:






Operating revenues

935,913

16,616

952,529

834,810

22,080

856,890

Investment income

9,503

-

9,503

9,879

-

9,879

Net realized and unrealized (losses) gains

(6,541)

514

(6,027)

3,385

441

3,826


938,875

17,130

956,005

848,074

22,521

870,595

Expenses:






Amounts retained by agencies

428,086

-

428,086

367,586

-

367,586

Employee costs

262,583

10,597

273,180

257,733

11,418

269,151

Other operating expenses

130,851

15,622

146,473

139,421

23,786

163,207

Title losses and related claims

40,172

-

40,172

34,473

-

34,473

Depreciation and amortization

7,554

738

8,292

10,200

1,564

11,764

Interest

-

1,513

1,513

2,288

2,288


869,246

28,470

897,716

809,413

39,056

848,469

Income (loss) before taxes

69,629

(11,340)

58,289

38,661

(16,535)

22,126

Appendix A
Non-GAAP Adjustments

Management uses a variety of financial and operational measurements other than its financial statements prepared in accordance with United States Generally Accepted Accounting Principles (GAAP) to analyze its performance. These include: (1) adjusted revenues, which are reported revenues adjusted for any net realized and unrealized gains and losses and (2) net income after earnings from noncontrolling interests and adjusted for net realized and unrealized gains and losses and other non-operating costs such as merger expenses, cost initiative severance expenses, office closure costs and litigation expenses (adjusted net income). Adjusted diluted earnings per share (adjusted diluted EPS) is calculated using adjusted net income divided by the diluted average weighted outstanding shares. Management views these measures as important performance measures of core profitability for its operations and as key components of its internal financial reporting. Management believes investors benefit from having access to the same financial measures that management uses.

The following tables reconcile the non-GAAP financial measurements used by management to the most directly comparable GAAP measures for the quarter and six months ended June 30, 2020 and 2019 (dollars in millions, except share and per share amounts).


Quarter Ended June 30,

Six Months Ended June 30,


2020

2019

%
Change

2020

2019

%
Change






Total revenues

516.1

472.1

956.0

870.6

Less: Net realized and unrealized gains (losses)

5.1

0.4

(6.0)

3.8

Adjusted revenues

511.0

471.7

8%

962.0

866.8

11%






Net income attributable to Stewart

34.1

19.3

39.3

12.5

Non-GAAP pretax adjustments:






Net realized and unrealized (gains) losses

(5.1)

(0.4)

6.0

(3.8)

Cost initiatives severance expenses

2.8

-

2.8

-

FNF merger-related expenses

-

3.7

-

5.7

Other non-operating charges

-

-

-

1.5

Net tax effects of non-GAAP adjustments

0.6

(0.9)

(2.2)

(0.9)

Non-GAAP adjustments, after taxes

(1.7)

2.4

6.6

2.5

Adjusted net income attributable to Stewart

32.5

21.7

50%

45.9

15.0

206%






Diluted average shares outstanding (000)

23,756

23,758

23,757

23,750

Adjusted net income per share

1.37

0.91

1.93

0.63










CONTACT: Nat Otis, SVP - Finance/Investor Relations, (713) 625-8360

 GRAPHIC 3 g71692logo.jpg GRAPHIC begin 644 g71692logo.jpg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end EX-101.SCH 4 stc-20200722.xsd XBRL TAXONOMY EXTENSION SCHEMA 00000 - Document - Template Link link:presentationLink link:calculationLink link:definitionLink 100000 - Document - Document and Entity Information link:calculationLink link:presentationLink link:definitionLink EX-101.LAB 5 stc-20200722_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Entity Central Index Key Cover [Abstract] Document Type Document Type Amendment Flag Amendment Flag Document Period End Date Document Period End Date Entity File Number Entity File Number Entity Registrant Name Entity Registrant Name Entity Central Index Key Entity Tax Identification Number Entity Tax Identification Number Entity Incorporation, State or Country Code Entity Incorporation State Country Code Entity Address, Address Line One Entity Address Address Line1 Entity Address, Address Line Two Entity Address Address Line2 Entity Address, City or Town Entity Address City Or Town Entity Address, State or Province Entity Address State Or Province Entity Address, Postal Zip Code Entity Address Postal Zip Code City Area Code City Area Code Local Phone Number Local Phone Number Written Communications Written Communications Soliciting Material Soliciting Material Pre-commencement Tender Offer Pre Commencement Tender Offer Pre-commencement Issuer Tender Offer Pre Commencement Issuer Tender Offer Title of 12(b) Security Security12b Title Trading Symbol Trading Symbol Security Exchange Name Security Exchange Name Entity Emerging Growth Company Entity Emerging Growth Company EX-101.PRE 6 stc-20200722_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 7 stc-8k_20200722_htm.xml IDEA: XBRL DOCUMENT 0000094344 2020-07-22 2020-07-22 false 0000094344 8-K 2020-07-22 STEWART INFORMATION SERVICES CORPORATION DE 001-02658 74-1677330 1360 Post Oak Blvd Suite 100 Houston TX 77056 713 625-8100 false false false false Common Stock, $1 par value STC NYSE false XML 8 R1.htm IDEA: XBRL DOCUMENT v3.20.2
Document and Entity Information
Jul. 22, 2020
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Jul. 22, 2020
Entity File Number 001-02658
Entity Registrant Name STEWART INFORMATION SERVICES CORPORATION
Entity Central Index Key 0000094344
Entity Tax Identification Number 74-1677330
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One 1360 Post Oak Blvd
Entity Address, Address Line Two Suite 100
Entity Address, City or Town Houston
Entity Address, State or Province TX
Entity Address, Postal Zip Code 77056
City Area Code 713
Local Phone Number 625-8100
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, $1 par value
Trading Symbol STC
Security Exchange Name NYSE
Entity Emerging Growth Company false
EXCEL 9 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 10 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 11 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 12 FilingSummary.xml IDEA: XBRL DOCUMENT 3.20.2 html 1 95 1 false 0 0 false 0 false false R1.htm 100000 - Document - Document and Entity Information Sheet http://www.stewart.com/20200722/taxonomy/role/DocumentDocumentAndEntityInformation Document and Entity Information Cover 1 false false All Reports Book All Reports stc-8k_20200722.htm d71692dex991.htm stc-20200722.xsd stc-20200722_lab.xml stc-20200722_pre.xml http://xbrl.sec.gov/dei/2019-01-31 true false JSON 14 MetaLinks.json IDEA: XBRL DOCUMENT { "instance": { "stc-8k_20200722.htm": { "axisCustom": 0, "axisStandard": 0, "contextCount": 1, "dts": { "definitionLink": { "remote": [ "http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-eedm-def-2020-01-31.xml", "http://xbrl.fasb.org/srt/2020/elts/srt-eedm1-def-2020-01-31.xml" ] }, "inline": { "local": [ "stc-8k_20200722.htm" ] }, "labelLink": { "local": [ "stc-20200722_lab.xml" ], "remote": [ "https://xbrl.sec.gov/dei/2019/dei-doc-2019-01-31.xml" ] }, "presentationLink": { "local": [ "stc-20200722_pre.xml" ] }, "referenceLink": { "remote": [ "https://xbrl.sec.gov/dei/2019/dei-ref-2019-01-31.xml" ] }, "schema": { "local": [ "stc-20200722.xsd" ], "remote": [ "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "https://xbrl.sec.gov/country/2020/country-2020-01-31.xsd", "http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd", "https://xbrl.sec.gov/currency/2020/currency-2020-01-31.xsd", "https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd", "http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd", "https://xbrl.sec.gov/exch/2020/exch-2020-01-31.xsd", "http://www.xbrl.org/lrr/arcrole/factExplanatory-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd", "https://xbrl.sec.gov/naics/2017/naics-2017-01-31.xsd", "https://xbrl.sec.gov/sic/2020/sic-2020-01-31.xsd", "http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd", "http://www.xbrl.org/2006/ref-2006-02-27.xsd", "http://xbrl.fasb.org/srt/2020/elts/srt-types-2020-01-31.xsd", "http://xbrl.fasb.org/srt/2020/elts/srt-roles-2020-01-31.xsd", "https://xbrl.sec.gov/stpr/2018/stpr-2018-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2020/elts/us-roles-2020-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2020/elts/us-types-2020-01-31.xsd", "http://www.xbrl.org/lrr/role/deprecated-2009-12-16.xsd" ] } }, "elementCount": 24, "entityCount": 1, "hidden": { "http://xbrl.sec.gov/dei/2019-01-31": 2, "total": 2 }, "keyCustom": 0, "keyStandard": 95, "memberCustom": 0, "memberStandard": 0, "nsprefix": "stc", "nsuri": "http://www.stewart.com/20200722", "report": { "R1": { "firstAnchor": { "ancestors": [ "p", "body", "html" ], "baseRef": "stc-8k_20200722.htm", "contextRef": "C_0000094344_20200722_20200722", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "document", "isDefault": "true", "longName": "100000 - Document - Document and Entity Information", "role": "http://www.stewart.com/20200722/taxonomy/role/DocumentDocumentAndEntityInformation", "shortName": "Document and Entity Information", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "p", "body", "html" ], "baseRef": "stc-8k_20200722.htm", "contextRef": "C_0000094344_20200722_20200722", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } } }, "segmentCount": 0, "tag": { "dei_AmendmentFlag": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.", "label": "Amendment Flag", "terseLabel": "Amendment Flag" } } }, "localname": "AmendmentFlag", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.stewart.com/20200722/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_CityAreaCode": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Area code of city", "label": "City Area Code", "terseLabel": "City Area Code" } } }, "localname": "CityAreaCode", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.stewart.com/20200722/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_CoverAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Cover page.", "label": "Cover [Abstract]" } } }, "localname": "CoverAbstract", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "xbrltype": "stringItemType" }, "dei_DocumentPeriodEndDate": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.", "label": "Document Period End Date", "terseLabel": "Document Period End Date" } } }, "localname": "DocumentPeriodEndDate", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.stewart.com/20200722/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "dateItemType" }, "dei_DocumentType": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.", "label": "Document Type", "terseLabel": "Document Type" } } }, "localname": "DocumentType", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.stewart.com/20200722/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "submissionTypeItemType" }, "dei_EntityAddressAddressLine1": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Address Line 1 such as Attn, Building Name, Street Name", "label": "Entity Address Address Line1", "terseLabel": "Entity Address, Address Line One" } } }, "localname": "EntityAddressAddressLine1", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.stewart.com/20200722/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressAddressLine2": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Address Line 2 such as Street or Suite number", "label": "Entity Address Address Line2", "terseLabel": "Entity Address, Address Line Two" } } }, "localname": "EntityAddressAddressLine2", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.stewart.com/20200722/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCityOrTown": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Name of the City or Town", "label": "Entity Address City Or Town", "terseLabel": "Entity Address, City or Town" } } }, "localname": "EntityAddressCityOrTown", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.stewart.com/20200722/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressPostalZipCode": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Code for the postal or zip code", "label": "Entity Address Postal Zip Code", "terseLabel": "Entity Address, Postal Zip Code" } } }, "localname": "EntityAddressPostalZipCode", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.stewart.com/20200722/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressStateOrProvince": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Name of the state or province.", "label": "Entity Address State Or Province", "terseLabel": "Entity Address, State or Province" } } }, "localname": "EntityAddressStateOrProvince", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.stewart.com/20200722/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "stateOrProvinceItemType" }, "dei_EntityCentralIndexKey": { "auth_ref": [ "r5" ], "lang": { "en-US": { "role": { "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.", "label": "Entity Central Index Key", "terseLabel": "Entity Central Index Key" } } }, "localname": "EntityCentralIndexKey", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.stewart.com/20200722/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "centralIndexKeyItemType" }, "dei_EntityEmergingGrowthCompany": { "auth_ref": [ "r5" ], "lang": { "en-US": { "role": { "documentation": "Indicate if registrant meets the emerging growth company criteria.", "label": "Entity Emerging Growth Company", "terseLabel": "Entity Emerging Growth Company" } } }, "localname": "EntityEmergingGrowthCompany", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.stewart.com/20200722/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_EntityFileNumber": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.", "label": "Entity File Number", "terseLabel": "Entity File Number" } } }, "localname": "EntityFileNumber", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.stewart.com/20200722/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "fileNumberItemType" }, "dei_EntityIncorporationStateCountryCode": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Two-character EDGAR code representing the state or country of incorporation.", "label": "Entity Incorporation State Country Code", "terseLabel": "Entity Incorporation, State or Country Code" } } }, "localname": "EntityIncorporationStateCountryCode", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.stewart.com/20200722/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "edgarStateCountryItemType" }, "dei_EntityRegistrantName": { "auth_ref": [ "r5" ], "lang": { "en-US": { "role": { "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.", "label": "Entity Registrant Name", "terseLabel": "Entity Registrant Name" } } }, "localname": "EntityRegistrantName", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.stewart.com/20200722/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityTaxIdentificationNumber": { "auth_ref": [ "r5" ], "lang": { "en-US": { "role": { "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.", "label": "Entity Tax Identification Number", "terseLabel": "Entity Tax Identification Number" } } }, "localname": "EntityTaxIdentificationNumber", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.stewart.com/20200722/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "employerIdItemType" }, "dei_LocalPhoneNumber": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Local phone number for entity.", "label": "Local Phone Number", "terseLabel": "Local Phone Number" } } }, "localname": "LocalPhoneNumber", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.stewart.com/20200722/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_PreCommencementIssuerTenderOffer": { "auth_ref": [ "r2" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.", "label": "Pre Commencement Issuer Tender Offer", "terseLabel": "Pre-commencement Issuer Tender Offer" } } }, "localname": "PreCommencementIssuerTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.stewart.com/20200722/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_PreCommencementTenderOffer": { "auth_ref": [ "r3" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.", "label": "Pre Commencement Tender Offer", "terseLabel": "Pre-commencement Tender Offer" } } }, "localname": "PreCommencementTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.stewart.com/20200722/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_Security12bTitle": { "auth_ref": [ "r0" ], "lang": { "en-US": { "role": { "documentation": "Title of a 12(b) registered security.", "label": "Security12b Title", "terseLabel": "Title of 12(b) Security" } } }, "localname": "Security12bTitle", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.stewart.com/20200722/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "securityTitleItemType" }, "dei_SecurityExchangeName": { "auth_ref": [ "r1" ], "lang": { "en-US": { "role": { "documentation": "Name of the Exchange on which a security is registered.", "label": "Security Exchange Name", "terseLabel": "Security Exchange Name" } } }, "localname": "SecurityExchangeName", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.stewart.com/20200722/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "edgarExchangeCodeItemType" }, "dei_SolicitingMaterial": { "auth_ref": [ "r4" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.", "label": "Soliciting Material", "terseLabel": "Soliciting Material" } } }, "localname": "SolicitingMaterial", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.stewart.com/20200722/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_TradingSymbol": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Trading symbol of an instrument as listed on an exchange.", "label": "Trading Symbol", "terseLabel": "Trading Symbol" } } }, "localname": "TradingSymbol", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.stewart.com/20200722/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "tradingSymbolItemType" }, "dei_WrittenCommunications": { "auth_ref": [ "r6" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.", "label": "Written Communications", "terseLabel": "Written Communications" } } }, "localname": "WrittenCommunications", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.stewart.com/20200722/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" } }, "unitCount": 0 } }, "std_ref": { "r0": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b" }, "r1": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "d1-1" }, "r2": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "13e", "Subsection": "4c" }, "r3": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14d", "Subsection": "2b" }, "r4": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14a", "Subsection": "12" }, "r5": { "Name": "Regulation 12B", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-2" }, "r6": { "Name": "Securities Act", "Number": "230", "Publisher": "SEC", "Section": "425" } }, "version": "2.1" } ZIP 15 0001564590-20-033112-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001564590-20-033112-xbrl.zip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

F*JB*/XRP;\\$2"FN\6[\YK)N(VCOIH1@P@HM#F M]?M"U4F9*CHIC.N+JR*N?U$4AC 8DOE\&23O ;"JF2V8W$Q6*9CZ]"8T(,]S M_ 27&T'V:J2=Z+B9WBI"/288N2A$P>PSWXY3Y."JB9;-;*;L+I+Z++]R@)3D M^$$N$9^42Z.7T+B!QBK"^T"AZ!7(18X^IRS^L(7>^W[UK4090C.-BQ'5AYIS M&6Z&#,1L(*([?KPKV$.JB::G%7CC AC6=Z&%!A@QMH3T\#:0X"AQ8 ?W.[1$ MS*EW9Q3[)N^/ AUU]JBH5VK9HV3# ]TEWV>M+7LZ02&N_#K([KR&:_ 6COH6 MB& !\8%EOYV^ RGA\5-?*#TIDT8GF=.-SBLXB-#;C>R$.N*?A8S7\RFIO#W? MFM1,Q1Q("TF-X4&,?_R RH4FA5IH(RJNIZ?*^^CURGWBEPOK?'9>/O>P1L]B MM?#XF+" E$:3S\Z7ND#V*:2;XKB9V.K>'KR>0SKC'?0[)2_A$]^H+)R@YG\P M*( XY#TI*61K[Q"F;""F PG?\;->Q2)243=-[<"-G,B>N.5'XK];):=0_!^? M+OX'4$L#!!0 ( ,*1]E"U/L](!P4 *(M 4 LF;:Q)HQ92"=8A)A+05O6BFKKXXYA\Q6.*.G<[@EX884)JQ&^$0?W*NVY< M1<2K4QKZT744A707J9RN%!M/$O26O$LA0GN%H)S3%;IG @O",$>#K*6_H(X@ M#FISCOI&3:,^U53-:>ALK'+@K34WD[8V MXLL#^44ME?8;C8:;/MV*:E8D"&9]]_-#=T F-,8V=!5$ 3$.-&OJ]&97DK2/ MSL"%CDJ8?W8F9IM;MA_8-=]9ZM "-A!:\Z$DIWT:(?/[9[^SYU,G=(%5DL:0 MZ0#O.@A<(^@.:3SE$$'==8-32Q-%HY:E$V)GLL;7FR+19#6%F-<,GD#+W=? M2?!2"AFOUKBR$9']MD7X220L675$)%6/0;YL(V%[;G M;T+G#=SZLO;Q*:9J#"GM=R47R>16QE,L5OND\@# M2F;*>%R2"19C^HAC>B[68MT20 X5-G/$8!6/)#\7W3.E$KGS@]&0)?QBWG*] M$L#U%(6X@> GU(R CM8SJH9F9*FG**+J7+"G[90/_O6PRP8,LRTC+(%X>X"4 MKF "/CL8"C1+ /@W!!SD5'1^=Q_J ME0#N%L9L&^K$6QF>/=;W=4H M9XPVF$(@G$ERR4#7@ 10!] M4CTEYVQ=[5T.^3C2$K*>7E?35X.)Y.Z((S_FI:.8]:X65LU3I/%RX@,ZYJ71"+MP+R;FI=%8NV-3: M,A-4.B\?VY[,Z:ET6B[><,[)J6@VWG]AD--1T01\^&(GIZ2B>??(V[@M+[6* M9MVB-ZDY*17-M2^]!\_)J6BN/7VV(:>HHOGW\*Q*3DE%\^^S@T5;/NI5S;N% MQ\!R6BJ:>5\\R9>S\QU2[XU[0 ZL8;^:H[_K)^;+'(?]\"]02P,$% @ MPI'V4(7;6:.)%0 BNH !, !S=&,M.&M?,C R,# W,C(N:'1M[3U;<^(Z MFL^[5?L?M,R>W:0V&-O< IUDBB:DFSD)I( ^IV=?IH0MP-O&9FR3A/WU*\DV M8/!%,H800K]TL'7Y[C=)ULU?WZ8Z "_(LC73N,U)@I@#R%!,53/&M[FY,\I? MY_YZ]V__>O/O^3RX?VAW0$-QM!=TK]F*;MIS"UWTGRY!V] U X&?7WN/X-Y4 MYE-D." /)HXSJQ<*KZ^O@CK2#-O4YPZ>QQ84 *46VNOKCJL-ZX4W)=^ M4]M1 @/;#GJ%ED,90; 0J[+LMYW;>6 ?ZBN!0#79!;\HDO =Y$S;'?!HN$JIC%0C*!=P"69JR[(#E,;F/ M:>0W^JE(R]N.&@Z<]Y(@5 O"1]Y@;8_OZC4([Q[9+:2Y,KL%W[%:#E:Y%24JK5:@7Z=JD!CA6IN[4"?NLWW!HRJ.7D M]1#:2RW7;+,D2]4XN^"V6,)L:V$0XZ92X>?38U^9H"G,;QH3[2UJ!HE8'F+? MB7E?-7?"VZ^:%AP+&O;(M*;4N).1RGE1SLN5M4'RF =!R^3Q)&F[G--4W#(=(YP%J1 XK[ZS;GH#>G0'N# NGG M:(Z.\!_8CN:O?_W#-YD";H+?%OS7-P5_(N(L.M^POS"P94S9[I<$'T%Q&8_^5&>ZN3X9!%?KD_-55%!OU)?^.V M'5>+@8;5[^$?(OF'Z6+ *1D2:?4&]L4J\<^*8,_J3C(U--"%/7?SMRPC/EA_!J:8OZ@-MBFS00:^@ M9TZAX;ZSM?]#=4G"/7-W__D7J2)^N2G, E/2$:&NC8VZ@D=%UI=40+@3D;>) M,+TB$O%BE<6&6_=Z$UC\)W3XI6VG=L]M]0(M#>(Y@=>0':6A:6&24P1P"*ZI M@%!D!E62SBS1\AIY>&^WVR8(,XD44S>M^E^HH(OK!#M2>IV@"*1"R8-S:.IJ M- ]++!BG1>]'ISUHW8/^H#%H]4\6RWZK^:/7'K1;?=#HW(/6S^;W1N=;"S2[ M3T_M?K_=[;PGZDPBG1;U/QO][^W.MT&W^JSVI\#%D[%D. ;I MM3H#T&L]=WN#DT7SQ+GX_*/7_]' ;!QT 8XK!SAX!%(1='M *E^HEZ#[ ;? M6^!F:('">N"Y##H;S0%I)-6*I4^@O6<;? I'A9P^/) PO;_Z7[1^$O?;:3QY5N!;NS_H M$6_>Z(/^FZ/8,*W:+C_?8<.?T==/B8OSJ@B MA:."%SHWIJLY6P[CAP@#CX#^[Z\K$KOC%65ON%W8X_TDV-/?07Z1!]D)\ :O MYK,9LA1HHQ"VQ/XO]4= O6NPKVV(_@&]M;S^$0IU$&AVHEO)2I5HM%D,3 M$Y^+!<_E?T['OUOD2I=H29FI._C>ZF40DGX8U/_VH]?NW[=IJ>WR;%//-O5] M%'"U60 \M!];H-,5SM)XEL9WDL:VT!/Z F@]/3]V__ZY_$'[OM49M!_:3;>@ MM:F'7I!1H 6,N^U-D*=3O3F]^EQTX'J]';@V5-5"MNW]]Z@92.(+6J5B103/ MINV +OP%ONHOZF;P>A53_J^Q0"1S%FSGFH. )&Y%T3& 2&(D($W\9]<:F*\& M'QC?S;GMF 8/$%(D$+3FU+6>+?-%HP<_,BTY#= ;M#; M<1?&[JI5L5S92GSL&31\#0VQ T$-6ZDVZ7;"%7B/VJ [ L\6%@AM!G70>D/* MG!SPQ(]Q&HKL2W"!.0$(*TZX_'YZ[%VM5OV7#09(1[,);@W"19JZ2$4NYZ]# M[/E9IC\B2A\(@>8$*;^ ,T$ SK"_G.'W#EG.>P-#I)NO0!O1EP^X/;C._PY& MFD[44K.!1LXBJD@%C@EL;3K7'6@@'!#H"V!#1[-'"]K3ZV .,8?=4_2F.Z2U M- %@CL>Q #06_KN1J>/)23_BPS5R>-ZN?V JO]]B*@BD:T+E-R\-KM6$4J;K MJY(0EUC_+PX4M=$BL^PR^; 9:;N/^D%)N-[$,P.DF+UP'XU-!'ZT07\QQ?X[ MFJ0\AUGL'6Q_"N5JU5/JRS[6R M6DD0#RFT[V-[/%9AWJSS"LSFECTGQA>;[]X<6YV27/8,,;' ?1QHXXX:!JVA M..!"JH+F0P_(15' #<,**64E>LR&M-V4"C3$*6I"2*+@MST;D;$12&I' _K5G"Y$X MA'Q;@IYZ(UF)U1V-.'/PLS$YD#'!_,HK:PQ+C$RDDIJ7+X:7;*;%;7LV+F?C MDM*X7,<8E[9MSY%U-C$G9V***%\BWTQD,3%>6Z[59#YZ"K7:;_X3^CU'_*CT MV[$6M#YB16XMOW4+D@O'QW]+4@7/MVPY\)FV3NX#^7XG-0G9R>7 MPH_\" ![@=>)AI^L7 5O>A'*HK.%RC9R#VRU\CS\0I*'U*;Q+^8 MRJ\K\!\2F$&+,':>YM!:J'4\:R ?=^7 _C7/3+I6DO>TWTWKEZO#RW1N:P_@1>?O_=9QY'+\Q9X/FH>T M#97DXCC%6 "%[D#!H/["3A;A),O:W!ZBV0 : "?R!)LQ&%OFJS,A*?V,;!F! M-E#12#-P^J89WE*F6/83MHUU3/Q4JA6+X(*0L/J%+F?ZC?$T6$1F6/UPNF=Y M=0%YF)=#Q@H4!]Q!2\M!28U@U6]M6.$#L^S#RUPK0GX"^V]#RI,1]<@X*Q>R M>=B?_1N=O.G.?9CB8>A&X7,]ZKBDLSV*L7%7V+*%&DQM:RO=!)M#I"/%P>;0 M,&DA:VXCV@H#XVW8(Q!IM+CE?CN!CN?O4O!B5)#L4I7= 8]]W]]%I2/33-ULU$H$!1H?@% MS<#$6BV-C5%^:"'X*P]'. JK0_T5+FSOYI3WO/,@A0B_I\Q&G5.BQTATY&#: MYKTU@GI>%,0R1;WM\X6G^[+W($WOU>0MINZYNZ?=I@$[X2BGG-P5+6&GN<5T MO24.P#&(J>@C"S(/=7-WOXU W\@35[&#=%!*8DPR2V'^8G;M9Q= M3E+>)25)+$U5@KE>59!*[QHZ-P+65YK9-L)P\?%45'#+T?7$5-[ MR##X2LAM?_0L(7?53TL%",O(+&U7(\]]%-4LF>\U'GJ-%WSTZSLL>"(V/-W& MKUYCR"55L7#@L8O\ MLV>, >\0QM\K#&8@-#IHVG;-1S87:\QAH7T$8"(.4- M$4E0=SXL/5A>?,@5E*&M6HT?&A9$$H9\Y=BGN[-78F8W=BI3Z%T$X/6X8E(, M+M#="P;81M_%![&-/>8S12J+.JUDS#P-)N 8<$I-HL?A% M;JD-,(@13T91X3.A99Y@B M'K[%O@#*.$#W3;R!09#;.:4P_%V&X_83&J*(; MF@$=A\W\*WP2QLJJ5.'+A,TL;AI1Q^1B*TPB)8\42#&ET4@\WWQ$V8(N/\G1 M]I MU'BP]!L+3$-+Z2*B6+'=MC JT#A5@S.X4%($TXGJ43J<=FA)L7H*J4F9 M=G,!GJ57"D8DG 3=B]44RN[YQ10S'6K7@RC^R MSK2#M(YE3?PZ?3;!G ^W$QMG;\=^7&K#Q9WD6"684R1%$QPTW#*8C,:$2^%S M:31'8RQG^_S)L<5,QYCT,8X^F_/ CMT]EPXM"_U)MK.X0^5LQ!=IT2VI7 EN M8BB1 G@_3+S>@]JE),R>)(PC;>USF46^'(Y/SI>YAY8HNEP5OW2)$TN0Q1O< M<-0'>:,5,5B0S7"5;VER_7T)2I+0IBD\I]0?-KVO%;WFI?TFB%S9?F(RR5X< MV#6 XJ/*Q\IJ#YI),MKGE.FAH:"$4#>X'I_D0WFD?8NMBZ3J]F84R ,Y%R1) MRT-I&,KBN7:M02<%HQO)PCY*-YQ+T$?B_=G+2)R^:T67/;LCWQ\E%2R#F.ZC MG,RX5KF1Y^Y3+1+J0X'&6Z=[U_?.26E.8&5W*#QL.Y\4?N@D'0S%9!AX-O0E MW5K"L9DO0B)V.ZW))$5^2;+UQ%848EF4B#_W$36R*"UE-*;YUHF+AW:GT6&: MP-^!DT"8H/U[3$ T9F]P0OXXB-UQN;GEOL6BY?X1H59GT$^ N\IO^7R2=.[Y M;'SK)]/PW]G8XS'S*R,S@U+>C_JZP;ZW$GNUX QL3UDH57E[^RN3_0G=IIXH(T)0(051Z+[A!=. LMA<7-')KT,<^\E=^S MSQNZY8D'Y9A$)&[BT%-(' AOE,H%YD]I71>%RM:7B/G,]8>5[WMDAZ:O_((6 MNG![ &?\<[K9#1QZ/I3W,3+Q"_5%QOW:H53.*Z=5>L]@3X2LA]3,%>K"=)Q M\#4E5:0]$.4&@HE%/HFE5J5*35;16ZTF"1-GRF%B0P]]A_,T;AAN^TJ.X[%5 ML9*FYJCC98N!SK+?A&%FGJ,'<>.$$C06@^/B +?+8ME.XN=NW/#'=>AS1J%< M.Q'CAGGEG9=CV3I3Y6 \F5 \C&3Q''K<5>!8!)WG6&#<0*$[#&/%(3R\/("N M,G*@E+VN9F2EL^+9"R\"&LL*'H.5"Z4#MS^)V-6UJQ*S4([C^&J\]LW"%?!# M*T[Y0$Y:Y:<<"NVSO7Z0N>H'#_8R=[O*QEED1/!0\%-H3^A!M-B)N7NP$NX] M(WI^/F;D/U(8'2:;PX!!J F)ZS!F=-:'X6-HU,5=NTNA,MQTRRJ3XSBY'C<, M9^T4$P[J!_3Y^RDK9#-QZ#ZHN ZZPQ@N96+]#IBK\!(BJSB9V]OS'(:/&X=[ M+V(#G"P2[V][LXV2F*'DOU2SO(PA7 M8.T[-^A \*#I"%R@Z1"IY%X$7U*:Y@^B( M]E9)(:OUZ;=2G;^X?_[B_I'0?K<-V'1$OKO=PH!8W_S,?(=Z.,@II:'?_M9I M#'[T6B>+808R\^Z?FGU>NWO'O1KHGW/-HI>@VXSWF%W11KW@G4(J*3DJ<$[N M :)WFEEH9EITFB')$\;D_C73 !J>9H@F4!^1JXK(0#2H\AJ0V]W0W,"=Z'AP M[DQ,"]-)/9F;T8YW5ZE_(]# (Z#_^^N*Q.YXI6M!WFUCGGAL05KH_BE,1^*_ M;G/%W&X$*TM"-6JST@VH,VMT.Z+=Z?[2;K3YH=GO/ MW1Y]N-M1GV/#^F)E],*"\;-ZI5(O>4?U*KI.=3\$XP_N$O)<9K2DDE#9&UK' M(@=GS3E9S3DB@IWU\#WT,/(2= KD#%J8%"=.UITI*8B53TC(KXLZR)*,Q:(@ M7L?0T2\DG!(-"_T"N(8N),=?S'_P-02P$"% ,4 " #"D?90A6"3E"A" 2X 4 M$ @ $ 9#'-D4$L! A0#% @ PI'V4-+:UL&UL4$L! A0#% @ PI'V4+4^ MST@'!0 HBT !0 ( !EDX '-T8RTR,#(P,#&UL4$L! A0#% @ PI'V4(7;6:.)%0 BNH !, ( ! MSU, '-T8RTX:U\R,#(P,#